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GTX Corp Announces Sale and Licensing of Patents and Technology to Inpixon

Core Footwear Tracking Business and IP Protection Retained by GTX Proceeds to Advance GTX Wearable Tech Development Pipeline LOS ANGELES, CALIFORNIA, July 8, 2019 — GTX Corp. (OTCQB: GTXO) (“the Company”), a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services and Real-Time Location Systems, today announced that it has sold two patents and certain other assets and also provided two separate patent licenses to Inpixon (NASDAQ: INPX) in exchange for a combination of cash and shares of Inpixon common stock. More information regarding the transaction is available in the Form 8-K filed by GTX with the U.S. Securities and Exchange Commission. Inpixon, a leading indoor positioning and data analytics company based in Palo Alto, CA, entered into this transaction with GTX to acquire certain outdoor GPS-tracking technology and license intellectual property to expand the breadth of available systems it can offer to enterprise and government […]

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Alzheimer’s Disease Facts Your Doctor Does Not Tell You- MSN Medical Daily

Darwin Malicdem, June 26, 2019 MSN.com Medical Daily As we get older, the fear that we may eventually develop the disease also emerges. Losing the ability to remember things is a major concern for almost every one reaching mid-life. Who would want to forget the first time you went outside the country? Or your first child’s birth? Your wedding day? And other happy moments with your family and friends? As people get older and due to some factors in the environment, the risk of having Alzheimer’s disease would become higher. It could eventually steal most of your happy memories and adventures. But what if you already have it? Or you have been showing initial signs of its development? Is it really frightening to live with Alzheimer’s? “Newly diagnosed adults and their family members are deeply concerned about how to navigate this uncertain future,” Laura Rice-Oeschger, who runs a caregiver wellness program […]

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GPS SmartSoles Expand Distribution Throughout Scandinavian Countries and Featured at Dementia Days Conference in Copenhagen

LOS ANGELES CALIFORNIA, June 11, 2019 GTX Corp (OTCQB: GTXO) (“the Company”), a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS), today announced adding distribution channels of its GPS SmartSole through an agreement with Phoniro, a subsidiary of Assa Abloy, a leader in providing digital health care solutions to seniors in Denmark, Sweden, Norway, Finland , the Netherlands and U.K. In addition the flagship GPS SmartSoles were featured at the Dementia Days international conference on May 23-24, 2019 in Copenhagen Denmark. As part of an Assa Abloy Company, Phoniro is one of the clear market leaders in providing digital care solutions to the senior care sector with systems in use in over 200 municipalities and private care companies across Scandinavia. The collaboration will be managed through Posifon, the Sweden based distributor for the GPS SmartSoles whereby Phoniro will sell […]

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GTX Corp First Quarter 2019 Summary

LOS ANGELES, CALIFORNIA, May 28, 2019 GTX Corp (OTCQB: GTXO) (“the Company”), a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS), today announced a summary for the First Quarter ended March 31, 2019. First Quarter 2019 Highlights Overall Revenue decreased 59% over 2018 comparable period Overall Subscribers increased 26% over 2018 comparable period International Subscribers increased 37% over 2018 comparable period Domestic Subscribers increased 15% over 2018 comparable period IP Revenue increased 170% over comparable 2018 period Outside Financings decreased by 75% over 2018 comparable period Net cash used in operations decreased 45% over 2018 comparable period Management commentary: Patrick Bertagna, CEO, GTX Corp. Due to unforeseen and unexpected production delays surrounding Chinese New Year, we unfortunately missed our numbers because of timing and not being able to get product shipped out before the end of the Quarter. We […]

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GTX Corp GPS Platform Selected by Hill Air Force Base in Utah

LOS ANGELES, CALIFORNIA, May 17, 2019 GTX Corp (OTCQB: GTXO) (“the Company”), a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS), today announced that it has been awarded a new contract for an initial installation of its versatile and scalable military-grade tagging, tracking & locating (TTL) GPS platform at Hill Air Force Base in Utah (Hill). GTX Corp’s GPS Platform was developed for large-scale installations such as military bases. Hill is the second U.S. military base that plans to deploy the Personnel, Equipment Tracking System (P.E.T.S.), a lightweight, mobile, non-cellular, GPS technology platform designed to track personnel and equipment over a large remote area. The initial order is expected to be shipped and scheduled for phase I testing in June. “After the success we have had at Edwards Air Force Base in California, we are pleased to have received […]

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GPS SmartSole Featured in Sweden’s MedTech Magazine

This sole provides security when memory begins to fail April 24, 2019 9:04 PM | By Lisa von Garrelts | Tell the editors   TRANSLATED BY GOOGLE A discreet GPS alarm in the form of a sole that you have in your regular shoes. So, the solution can look when, for the sake of security, a little help is needed on the stack. With the GPS unit in the sole, the user does not carry any visible alarm that can disturb or be removed. The smart sole from Posifone, GPS Smartsole, is a GPS alarm placed in the shoes. It is activated when the user touches the shoe and notifies relatives, staff or an alarm center if the user passes outside a predetermined security area. The sole is a discrete set of providing tracking capabilities and facilitates the one who easily forgets, or does not want to wear a phone, a wrist or a pocket device. For caregivers and relatives of a […]

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GTX Reports 2018 Financial Summary

Revenue increased 28%, Product Sales increased 49%, Subscribers increased 20% LOS ANGELES CALIFORNIA, April 18, 2019 GTX Corp (OTCQB: GTXO) (“the Company”), a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS), today announced a summary for the year ended December 31, 2018. 2018 Financial Highlights Overall Revenue increased 28% over 2017 comparable period. Product Sales increased 49% over 2017 comparable period. International Subscribers increased 21% over 2017 comparable period. Domestic Subscribers increased 19% over 2017 comparable period. Military Sales increased 322% over 2017 comparable period. Gross Margin, excluding IP, increased from 50% to 67% from 2017. Loss from Operations decreased 1% from 2017. Cash used in Operations reduced 34% from 2017.   Management commentary: Patrick Bertagna, GTX Corp CEO.   As highlighted above, we had solid double-digit increases or decreases in the major metrics we measure – overall revenues […]

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GTX Awarded Supplier Registration Certificate from Sri Lanka Ministry of Defense

LOS ANGELES, CALIFORNIA, March 28, 2019 GTX Corp (OTCQB: GTXO) (GTX), a pioneer in the field of wearable GPS, people and asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS), today announced it has been awarded a Supplier Registration Certificate from the Sri Lanka Ministry of Defense. Over the past six months, GTX has been working with the Sri Lanka government to get its line of military-grade GPS tracking solutions approved for sale and import into the country as part of a large scale requirement from the Sri Lanka Army, Disaster Management Centre, and Centre for Research and Development under the Ministry of Defense to tag, track and locate (TTL) their personnel and equipment. “We have been diligently working with Major General (retd) Fadyl Meedin RSP Ldmc, from the Space Technology & Solutions (Pvt) Ltd to provide all the necessary requirements in order for GTX to become an approved Sri Lanka […]

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GPS SmartSoles featured in German Publication – DIE WELT

184,000 copies were printed, reaching 673,00 readers!

GTX Corp Issued Two New Patents

LOS ANGELES, CALIFORNIA, February 28, 2019 GTX Corp (OTCQB: GTXO) (GTX), a pioneer in the field of wearable GPS people and asset tracking Location-Based Services (LBS) and Real-Time Location Systems (RTLS), today announced it has been issued two new patents by the United States Patent and Trademark Office (USPTO). GTX’s vast Intellectual Property (IP) portfolio underpins its business lines. Since the start of the year, the IP legal team has been busy adding these two new patents to the portfolio, filing additional claims through the ongoing continuation process and negotiating licensing agreements. The GTX patent portfolio addresses three core areas: Footwear, Communication and Backend Server. Of the two newly issued patents, one is in the Communication family and the other is in the Footwear family. “These latest patents are important additions to GTX’s overall portfolio,” commented Larry Henneman, Esquire, GTX’s lead patent attorney. “The ongoing investment in IP demonstrates GTX’s […]

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